Veris Residential (VRE) Expected to Announce Earnings on Wednesday

Veris Residential (NYSE:VRE) is anticipated to release its Q2 2025 earnings data after the market closes on Wednesday, July 23rd. Analysts expect the company to announce earnings of $0.15 per share and revenue of $69.06 million for the quarter. Veris Residential has set its FY 2025 guidance at 0.610-0.630 EPS.

Veris Residential (NYSE:VRE) last announced its earnings results on Wednesday, April 23rd. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. Veris Residential had a negative net margin of 11.02% and a negative return on equity of 2.62%. The firm had revenue of $67.76 million for the quarter, compared to analyst estimates of $69.24 million. On average, analysts expect Veris Residential to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Veris Residential Price Performance

Veris Residential stock opened at $14.53 on Wednesday. The company has a market cap of $1.36 billion, a price-to-earnings ratio of -45.41, a PEG ratio of 1.64 and a beta of 1.21. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.56 and a current ratio of 0.56. The firm has a 50 day moving average price of $15.02 and a 200 day moving average price of $15.67. Veris Residential has a 1 year low of $14.12 and a 1 year high of $18.85.

Veris Residential Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Monday, June 30th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date was Monday, June 30th. Veris Residential’s dividend payout ratio is presently -100.00%.

Analyst Upgrades and Downgrades

VRE has been the topic of several recent analyst reports. Truist Financial cut their price target on Veris Residential from $17.00 to $16.00 and set a “hold” rating on the stock in a research note on Monday, May 5th. Wall Street Zen downgraded Veris Residential from a “hold” rating to a “sell” rating in a research note on Saturday, June 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Veris Residential presently has an average rating of “Hold” and a consensus price target of $18.50.

Institutional Trading of Veris Residential

Hedge funds have recently bought and sold shares of the company. Royal Bank of Canada lifted its position in shares of Veris Residential by 26.6% in the first quarter. Royal Bank of Canada now owns 17,263 shares of the company’s stock worth $292,000 after purchasing an additional 3,623 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Veris Residential by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,695 shares of the company’s stock worth $790,000 after buying an additional 2,064 shares during the period. AQR Capital Management LLC boosted its holdings in Veris Residential by 88.8% during the first quarter. AQR Capital Management LLC now owns 54,273 shares of the company’s stock valued at $911,000 after acquiring an additional 25,520 shares during the period. Jane Street Group LLC grew its holdings in Veris Residential by 234.4% in the 1st quarter. Jane Street Group LLC now owns 113,848 shares of the company’s stock valued at $1,926,000 after buying an additional 79,802 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Veris Residential by 72.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,006,694 shares of the company’s stock worth $17,033,000 after acquiring an additional 423,482 shares during the last quarter. 93.04% of the stock is owned by hedge funds and other institutional investors.

Veris Residential Company Profile

Veris Residential, Inc is a forward-thinking, environmentally and socially conscious real estate investment trust (REIT) that primarily owns, operates, acquires and develops holistically-inspired, Class A multifamily properties that meet the sustainability-conscious lifestyle needs of today’s residents while seeking to positively impact the communities it serves and the planet at large.